This is the product of the most important AI company from China – iFlytek. It was ranked by MIT Technology Review as #6 on their “50 Smartest Companies 2017”, higher than Baidu, Alibaba and Tencents.

iFlytek is listed in Shenzhen and worth US$ 13 billion. Its stock price doubled in 2017 when the Shenzhen Composite Index fell 3.5%. It dominates the speech recognition market in China with 70% market share.

China’s AI innovation has already taken off, and some segments could even be leading the world.

Chairman Liu Qing Feng was invited to speak at the annual Chinese People’s Political Consultative Conference about the state of AI in China. He said that China’s AI innovation has already taken off, and some segments could even be leading the world.

iFlytek’s Founder Liu Qing Feng said at the annual Chinese People’s Political Consultative Conference that China’s AI technology is leading the world in some segments.

Half a billion people in China use the iFlytek Input app on their smartphones everyday, featured in the video above. The company has also been investing in AI for healthcare and smart city since 2010.

The company’s pocket translation device was one of the most sought after gifts this Chinese New Year.